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When:
Thursday, October 9, 2008
7:00-7:30am
Coffee & Peer Networking
7:30-9:00am
Breakfast & Program
Where:
Hyatt Regency La Jolla
3777 La Jolla Village Drive
Google Map
Costs:
Individual Members - Free
Corporate Members - Free (3)
FCD Members - Free
RSVP & Payment:
By Tuesday, October 7, 2008
Program Accreditation:
All participants
can receive RiskMetrics CGQ credits & 1 hour of MCLE & CPE credit.
More Information
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“What Directors Need to Know About Hedging”
Thursday, October 9, 2008 - 7:00am - 9:00am
Mark Snell
EVP & Chief Financial Officer,
Sempra Energy |
Atul Patel
SVP & Treasurer,
PriceSmart, Inc. |
Frank Partnoy
Professor of Law,
University of San Diego
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Risk taking is inherent to all businesses, and we've all "hedged our bets" ala Las Vegas. Hedging can be a very effective way to mitigate risk, but it doesn't eliminate it, and there is risk associated with hedging.
Hedging can be a bet-your-company policy decision, and it also presents a set of opportunities that can create competitive advantage (e.g., Southwest Airlines' fuel hedging). This program is designed to address the topic of hedging, at the board level, in order to assist directors to be more prepared for increasing a company's competitiveness.
This preeminent panel of experts will address such questions as:
- What exactly is hedging, and how deep an understanding do directors need to have?
- How does hedging differ from speculating?
- What are the business questions that need to be asked, in order to determine if hedging is a subject that deserves board-level attention?
- What key questions should board members be asking management about its hedging strategy?
- How does the board evaluate management's performance in this area?
- In addition to credit, interest rate and currency risk, what other risks can be hedged against?
- What are the risks of not having a hedging strategy?
This program will also be a "current events" update about the nature of hedging today. Come and learn what you need to know as a director or member of management. Our panelists look forward to answering your questions!
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